In this episode, Coinbase’s Head of Research, David Duong, returns to the show and drops some massive insight bombs. He breaks down why the macro backdrop is setting up perfectly, why institutions could front-run retail, and why most traders are completely misreading the cycle. From Fed rate cuts to DAT fatigue, from Bitcoin NAV compression to the real reason $7T in cash might soon flood into risk assets, this one’s a full-on macro + crypto masterclass.

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🌐 KGeN’s VeriFi: Grow your reach, not your ad spend:

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🎤 Our Head of Research Kyle Reidhead is speaking at Zebu Live (Oct 21–22).

Want in? Use code MILK for 20% off tickets.

⁠⁠https://out.milkroad.com/ZebuLive2025Podcast⁠⁠

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🎙 GUEST INFO 🎙

David Duong: https://x.com/Dav1dDuong

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses.